Siemens Should Resist Entering Alstom Fray

By

Renée Schultes

April 28, 2014 1:17 p.m. ET

Siemens is fanning flames in France.

The German giant is considering barging in on General Electric's offer for Alstom's energy businesses in a deal which could be worth up to €11 billion ($15.2 billion). That isn't exactly what investors had bargained for with Siemens Chief Executive Joe Kaeser. The hope was that he would outline plans to shrink the conglomerate when he presents his strategy next week.